Common use of De minimis threshold for adjustment to Exercise Price Clause in Contracts

De minimis threshold for adjustment to Exercise Price. Notwithstanding anything herein to the contrary, no adjustment of the Exercise Price shall be required unless such adjustment would require an increase or decrease of at least 1% in such Exercise Price; provided, however, that any adjustments which by reason of this Subsection 2.3(j) are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All adjustments to the Exercise Price made pursuant to this Section 2.3 shall be calculated to the nearest cent.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Aeterna Zentaris Inc.)

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De minimis threshold for adjustment to Exercise Price. Notwithstanding anything herein to the contrary, no adjustment of in the Exercise Price shall will be required made unless such adjustment would require an increase or decrease of at least 1% in such the Exercise Price; provided, however, that any adjustments which that by reason of this Subsection 2.3(jSection 2.3(d) are not required to be made shall will be carried forward and taken into account in any subsequent adjustment. All adjustments to the Exercise Price made pursuant to calculations under this Section 2.3 shall will be calculated to the nearest centcent or to the nearest 1/100th of a Common Share.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Liminal BioSciences Inc.)

De minimis threshold for adjustment to Exercise Price. Notwithstanding anything herein in this Agreement to the contrary, no adjustment of in the Exercise Price shall will be required unless such adjustment would require an increase or decrease of at least 1% in such the Exercise Price; provided, however, that any adjustments which by reason of this Subsection 2.3(j) subsection 2.3.5 are not required to be made shall will be carried forward and taken into account in any subsequent adjustment. All adjustments to the Exercise Price made pursuant to this Section 2.3 shall be calculated to the nearest cent.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nevada Geothermal Power Inc)

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De minimis threshold for adjustment to Exercise Price. Notwithstanding anything herein in this Agreement to the contrary, no adjustment of in the Exercise Price shall will be required unless such adjustment would require an increase or decrease of at least 1% in such the Exercise Price; provided, however, that any adjustments which by reason of this Subsection 2.3(j) subsection are not required to be made shall will be carried forward and taken into account in any subsequent adjustment. All adjustments to the Exercise Price made pursuant to this Section 2.3 shall be calculated to the nearest cent.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nevada Geothermal Power Inc)

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